ADD Industry (Zhejiang) CO., LTD

Shanghai Stock Exchange 603089.SS

ADD Industry (Zhejiang) CO., LTD Debt to Equity Ratio for the year ending December 31, 2023: 0.61

ADD Industry (Zhejiang) CO., LTD Debt to Equity Ratio is 0.61 for the year ending December 31, 2023, a 16.11% change year over year. Debt to equity ratio represents the financing from debt versus equity. Higher ratio indicates more debt reliance, suggesting potential risk.

ADD Industry (Zhejiang) CO., LTD Debt to Equity Ratio for the year ending December 31, 2022 was 0.53, a 54.21% change year over year.
ADD Industry (Zhejiang) CO., LTD Debt to Equity Ratio for the year ending December 31, 2021 was 0.34, a 146.03% change year over year.
ADD Industry (Zhejiang) CO., LTD Debt to Equity Ratio for the year ending December 31, 2020 was 0.14, a -24.88% change year over year.
ADD Industry (Zhejiang) CO., LTD Debt to Equity Ratio for the year ending December 31, 2019 was 0.19, a 12.74% change year over year.

Key data

Date	Debt to Equity Ratio	Debt to Income Ratio	Debt to Tangible Net Worth Ratio	Dividend Coverage Ratio

Shanghai Stock Exchange: 603089.SS

ADD Industry (Zhejiang) CO., LTD

CEO	Mr. Nian Hui Zheng
IPO Date	Jan. 26, 2017
Location	China
Headquarters	No. 55, Changshun Road
Employees	3,144
Sector	Consumer Discretionary
Industries Automotive Parts Automobiles & Vehicles

Description

ADD Industry (Zhejiang) CO., LTD manufactures and sells shock absorbers for vehicle suspension system in China. It offers shock absorbers, strut catridge, strut, strut assembly, steering damper, and cabin damper products. ADD Industry (Zhejiang) CO., LTD was founded in 1994 and is based in Taizhou, China.

Key trends

Past 5 years